$9.02 billion in revenue, $2.51 billion in net income
Google seems to have outdone itself with its quarterly earnings results this time around posting massive numbers in both revenue and net income. $9.02 billion in revenue nd $2.51 billion in net income to be more specific.
The $9.02 billion in gross revenue for Q2 of 2011 is a staggering 32% increase over the same period back in 2010. Larry Page, the Current CEO, also bragged of net income numbers of $2.51 billion which increased from the $1.84 billion in the same quarter in 2010. Statistics also show that 69% of the revenue earned came from Google’s various sites.
The only noticeable downside to this seems to be the Operating expenses of the search giant which increased from $1.99 billion in 2010 to $2.97 billion this year.
whats more is that Larry Page announced that 550,000 android devices were being activated per day which in itself is an increase from the 500,000 figure he announced just last month.